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you can expect both candidates to have a say on the 8.1% of the unemployment rate and the national debt. keep in mind with early voting under way in 10 states already, many americans have already cast their ballots. still governor romney and presideet obama have plenty of opportunity to hurt or help their campaign in the next nine minutes. no cheering, no. now, the moderator, jim lehrer of pbs. >> good evening from maaness arena at the university of denver in denver colorado. i am jim lehrer of pbs news hour, and i welcome the new to the first of the 2012 presidential debates between president obama, the democratic nominee, and former massachusetts governor, mitt romney, the republican nominee. this debate and the next three, two presidential, one ice- presidential, are sponsored by the commission of presidential debates. tonight's nine minutes will be about he domestic feature and will follow a format designed by the commission. there will be six roughly 15 minute segments with two-minute answers. for the first question, then an open discussion for the remainder of this section. i made
you can expect both candidates to have a say on the 8.1% of the unemployment rate and the national debt. keep in mind with early voting under way in 10 states already, many americans have already cast their ballots. still governor romney and presideet obama have plenty of opportunity to hurt or help their campaign in the next nine minutes. no cheering, no. now, the moderator, jim lehrer of pbs. >> good evening from maaness arena at the university of denver in denver colorado. i am jim...
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Oct 4, 2012
10/12
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CURRENT
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now the last point i would make before -- >> two minutes is up sir. >> obama: i had five seconds before you interrupted me -- [ laughter ] >> obama: -- was, the irony is we have seen this model work really well in massachusetts, because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model, and as a consequence people are covered there. it hasn't destroyed jobs and as a consequence we now have a system in which we have the opportunity to start bringing down costs as opposed to leaving millions of people out in the cold. >> your five seconds went away a long time ago. [ laughter ] >> all right. governor tell the president directly why what he just said is wrong. >> romney: i did. but i'll go on. i like what we did in my state. what you did was to push through a plan without a single republican vote when massachusetts did something quite extrordanaire, appoint a senator to stop obamacare, you pushed it through. what we did in the legislation 87% democrat we were together. only two voted against the plan by the time we were
now the last point i would make before -- >> two minutes is up sir. >> obama: i had five seconds before you interrupted me -- [ laughter ] >> obama: -- was, the irony is we have seen this model work really well in massachusetts, because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model, and as a consequence people are covered there. it hasn't destroyed jobs and as a consequence we now have a system in which...
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>> florida itself shows it's a 1-point rate, a tie, and president obama won florida last time by four points. that means there's people in florida that voted for him the last time that are not going to vote for him now. that's a trend. i think that's a good trend for us. neil: senator rubio, thank you very much, very much. >> good so see you. neil: you have throngs following you, they are my fans, but, no, that was not the case. peter barnes is out there in -- i don't know if you're in the spin room formally or the alley. where are you, peter? >> in the spin alley, neil, but it's one gigantic spin room right now, all in the same big room here in the media center, and listen, most of the blue signs for the president's team are gone already. off the floor. i just see one over here. we still have republican spinners and surrogates here. former new york mayor behind me, and behind him, senator portman of ohio. interestingly, 15 romney spinners and four or five from the obama campaign. i asked why. i asked an obama senior person, official, why do you only have five people here? you're outn
>> florida itself shows it's a 1-point rate, a tie, and president obama won florida last time by four points. that means there's people in florida that voted for him the last time that are not going to vote for him now. that's a trend. i think that's a good trend for us. neil: senator rubio, thank you very much, very much. >> good so see you. neil: you have throngs following you, they are my fans, but, no, that was not the case. peter barnes is out there in -- i don't know if you're...
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Oct 4, 2012
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that are taxed not at the corporate tax rate, but at the individual tax rate, and if we lower that rate, they will be able to hire more people. for me this is about jobs -- >> that's where we started -- yeah do you challenge what the governor just said about his own plan? >> obama: well for 18 months he has been running on this tax plan, and now, five weeks before the election he is saying his big bold idea is never mind, and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math. it's arithmetic. now governor romney and i do share a deep interest in encouraging small business growth. so at the same time that my tax plan has already lowered taxes for 98% of families i also lowered taxes for small businesses 18 times, and what i want to do is continue the tax rates -- the tax cuts that we put into place for small businesses and families but i have said that for incomes over $25
that are taxed not at the corporate tax rate, but at the individual tax rate, and if we lower that rate, they will be able to hire more people. for me this is about jobs -- >> that's where we started -- yeah do you challenge what the governor just said about his own plan? >> obama: well for 18 months he has been running on this tax plan, and now, five weeks before the election he is saying his big bold idea is never mind, and the fact is that if you are lowering the rates the way...
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Oct 4, 2012
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so for the romney campaign they want you to think 8.1% unemployment and think barack obama and the obama campaign wants you to think 47%. they want you to think of romney's effective tax rate at 14%. but the president didn't go there tonight. he missed those opportunities and left an opening for the romney campaign. >> pelley: >> pelley: juliana, thank you very much. joining us right now is major garrett from "national journal." one of the subjects covered tonight was health care, the affordable care act which some people call obamacare a term the president endorsed tonight. he said he liked that term. i wonder what you thought of the cases that were made by governor romney and the president on health care. >> scott great to be with you. i thought the health care debate was a prism into which to look at the entire economic debate which this debate was focused on largely. but health care talked about jobs, mitt romney said the president's health care law will cost jobs. the president said no it will provide jobs and security. so you saw strong contrast between the perceptions of what the
so for the romney campaign they want you to think 8.1% unemployment and think barack obama and the obama campaign wants you to think 47%. they want you to think of romney's effective tax rate at 14%. but the president didn't go there tonight. he missed those opportunities and left an opening for the romney campaign. >> pelley: >> pelley: juliana, thank you very much. joining us right now is major garrett from "national journal." one of the subjects covered tonight was...
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obama: okay. romney: number two, let's look at history. my plan is not like anything that's been tried before. my plan is to bring down rates but also bring down deductions and exemptions and credits at the same time so the revenue stays in, but we bring down rates to get more people working. my priority is putting people back to work in america. they're suffering in this country. and we talk about evidence, look at the evidence of the last four years. it's absolutely extraordinary. we've got 23 million people out of work or stopped looking for work in this country. >> moderator: all right. romney: when the president took office, 32 million on food stamps, 47 million on food stamps today. economic growth slower this year than last year, and last year slower than the year before. going forward with the status quo is not going to cut it for the american people who are struggling today. >> moderator: all right. we're still on the economy. this is theoretically, now, a second segment still on the economy, and specifically on what to do about t
obama: okay. romney: number two, let's look at history. my plan is not like anything that's been tried before. my plan is to bring down rates but also bring down deductions and exemptions and credits at the same time so the revenue stays in, but we bring down rates to get more people working. my priority is putting people back to work in america. they're suffering in this country. and we talk about evidence, look at the evidence of the last four years. it's absolutely extraordinary. we've got...
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Oct 4, 2012
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so those are the kinds of things that are i think are sphrus rating. i think big picture. >> was that the first place looking for bipartisan over the last four years. >> yeah. that was going to be the -- [inaudible] >> one place president obama is going to reach across the aisle. that will be great. >> by the way, i think you answered your own question. of course. why woo do you do anything enormous. you don't want to be caught or someone to know what you're doing. there are a variety of reasons for that. but it takes away a remarkable amount of accountability in the system. if you don't know who is financing something you are watching and viewing. you have no sense where it's coming from. what the motives are. what is the special interest what is happening. >> you have a to be curious a lot of questions that come from the angle are the same people who advocate the most for campaign finance reform. there are other groups trout they have live under different rules and abide by different rules in terms of how they communicate. >> one of the things going
so those are the kinds of things that are i think are sphrus rating. i think big picture. >> was that the first place looking for bipartisan over the last four years. >> yeah. that was going to be the -- [inaudible] >> one place president obama is going to reach across the aisle. that will be great. >> by the way, i think you answered your own question. of course. why woo do you do anything enormous. you don't want to be caught or someone to know what you're doing. there...
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governor romney won't raise taxes and barack obama will. our fear is that that will plunge this weak economy into another recession. you heard the governor explain last night during the debate that he wants to lower rates for everyone. those rate reductions will be off set so that we don't add to the deficit and we don't have to increase taxes for the middle class. in fact, for the middle class, what the governor is proposing is a tax break because he would allow them to save and invest tax free. this is one of the big differences between these two candidates. mitt romney has a pro growth tax reform plan and create jobs and get the economy moving. you heard the president has no plans whatsoever. >> but the democrats keep pointing out you're being very vague and you're not being very specific in the so-called offsets. how do you pay for $5 trillion in tax cuts without raising the deficit? >> well, you know what, wolf, i'm reminded of what happened in 1986, the last time the congress and the president reagan at the time undertook major tax re
governor romney won't raise taxes and barack obama will. our fear is that that will plunge this weak economy into another recession. you heard the governor explain last night during the debate that he wants to lower rates for everyone. those rate reductions will be off set so that we don't add to the deficit and we don't have to increase taxes for the middle class. in fact, for the middle class, what the governor is proposing is a tax break because he would allow them to save and invest tax...
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Oct 4, 2012
10/12
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CNBC
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in business as you both very clearly know, we rate people every year. we give them an appraisal. it's time to give president obama an appraisal. >> what do you want to hear from romney tonight to actually make that case to make sure accountability is there? >> i think governor romney actually needs to show us the strategy that i know that he has. i don't -- i'm not looking for nuts and bolts, maria. but this is the vision of a chief executive. someone who's going to lead this country. i want to see leadership. i think he'll show us leadership. and i want to see his vision for the future. >> some have suggests the president should ask the governor how long it takes to turn around a distressed situation like the country was four years ago. i mean, would he be changing management at the top at this point? >> in the business world as you know if people don't hit their targets, they move out. and my own opinion here is -- >> we're not hitting our targets. >> we're not hitting our targets in any respect. if you -- you know -- >> but you know what he will say. he will say i was handed a
in business as you both very clearly know, we rate people every year. we give them an appraisal. it's time to give president obama an appraisal. >> what do you want to hear from romney tonight to actually make that case to make sure accountability is there? >> i think governor romney actually needs to show us the strategy that i know that he has. i don't -- i'm not looking for nuts and bolts, maria. but this is the vision of a chief executive. someone who's going to lead this...